Skip to content
Subscriber Only

ECB Expands Stimulus to $2.4 Trillion as Monthly Purchases Slow

  • Benchmark rate stays at zero, deposit rate at minus 0.4%
  • President Mario Draghi to speak at 2:30 p.m. in Frankfurt
Video player cover image

ECB Reduces QE Pace to EU60 Billion per Month in April

Updated on

The European Central Bank expanded its quantitative-easing program to exceed 2.2 trillion euros ($2.4 trillion) by the end of 2017, buying at a reduced monthly pace with the caveat that it can step up or prolong purchases if needed.

The Governing Council will extend the program from April at a slower speed of 60 billion euros ($65 billion) a month from 80 billion euros currently, according to a statement in Frankfurt on Thursday. ECB President Mario Draghi will hold a press conference at 2:30 p.m. in Frankfurt, where he will also outline changes to the parameters of the quantitative-easing program.